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Xmet Inc XMTTF

Metals & Mining Gold Industrial Metals & Minerals
XMet Inc is a mining exploration company. The company engages in the exploration of its Canadian mineral properties in the provinces of Quebec and Ontario. Its property portfolio includes Grasset Property located in the northern part of the Abitibi greenstone belt, west of Matagami, Quebec; Authier Property located mainly in Poularies and Privat townships in the western Abitibi Region of Quebec and the Blackflake Property.


GREY:XMTTF - Post by User

Xmet Inc
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Comment by goodluck2uon Nov 15, 2014 10:56am
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Post# 23132305

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:tumbleweed city

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:tumbleweed citythis is what JV's are all about.  Another company (XMET) pays to the landowner (MEK) cash and shares for a share of the property.  If there is something there, the other companies shares (XMET) increase tremendously in value, a win-win for everyone, and MEK still has a 35%-50% stake in the property with all expenses paid by someone else.  BUT, if they drill dirt, MEK has not had to spend any cash to find this out.  Sometimes it is better to share the pie.

also, i dont think MEK has to make a decision on any Alibaba property, I read it as they have to make a decision on the land staked to the north of the "all channel responce".  this is not Alibaba property
GL
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Dealroom for high-potential pre-IPO opportunities